Post Retirement Health Care Benefit. Nurses who separate on or after January 1, 2008, from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Nurses who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the nurse separates due to death, the two hundred fifty dollar ($250) is paid in cash, not to the HCSP. A nurse who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Nurses are eligible for this benefit only once.
Appears in 5 contracts
Samples: Agreement, Agreement, www.leg.mn.gov
